Too Long; Didn't Read
Bitcoin's unveiling in 2009 coincided with the start of one of the longest sustained bull runs in modern history. Bitcoin was designed to act as an inflation-proof store of value, with censorship-resistant features. The political class has continued an unprecedented decade-long experiment to ‘stimulate’ the global economy through currency manipulation and capital controls. Yet despite their increasingly frantic efforts, inflation in the developed world has not only failed to materialize, we now find ourselves on the brink of broad-based deflation on a global scale. Bitcoin value is highly correlated with rapid growth in negative-yielding debt.